City Bank (Bangladesh): Difference between revisions
mNo edit summary |
m Linked Wikipedia Articles |
||
| Line 23: | Line 23: | ||
It is a first-generation private commercial bank and it is one of the oldest commercial banks in the country. Then known as "The City Bank Limited", its operations were started on 28 March 1983 by 13 local businessmen of the country. Those directors commenced the journey with only BDT 34 Million worth of Capital, which now is a respectable BDT 3.3 Billion as capital & reserve. <ref>{{cite web |title=The City Bank Limited |url=https://bibm.org.bd/single_member.php?bank_id=34 |website=Bangladesh Institute of Bank Management |access-date=22 December 2020}}</ref> |
It is a first-generation private commercial bank and it is one of the oldest commercial banks in the country. Then known as "The City Bank Limited", its operations were started on 28 March 1983 by 13 local businessmen of the country. Those directors commenced the journey with only BDT 34 Million worth of Capital, which now is a respectable BDT 3.3 Billion as capital & reserve. <ref>{{cite web |title=The City Bank Limited |url=https://bibm.org.bd/single_member.php?bank_id=34 |website=Bangladesh Institute of Bank Management |access-date=22 December 2020}}</ref> |
||
<ref>{{cite web |url=https://www.thecitybank.com/who-we-are |title=City Bank :: making sense of money |work=The City Bank |access-date=30 September 2015}}</ref><ref>{{Cite web|url=http://en.banglapedia.org/index.php?title=City_Bank_Limited,_The|title=City Bank Limited, The |website=[[Banglapedia]] |access-date=2016-05-08}}</ref> The City Bank Limited opened its first branch in B. B. Avenue Branch in Dhaka. In 1986, The City Bank Limited was listed on the Dhaka Stock Exchange and in 1995 it was listed on Chittagong Stock Exchange.<ref>{{cite web |title=BSEC approves City Bank’s Tk300 crore bond |url=https://www.dhakatribune.com/business/stock/2020/02/26/bsec-approves-city-bank-s-tk300-crore-bond#:~:text=The%20City%20Bank%20was%20incorporated,41.92%25%20share%20of%20the%20bank. |website=Dhaka Tribune |access-date=22 December 2020}}</ref><ref>{{cite web |title=THE CITY BANK LIMITED |url=https://www.cse.com.bd/company/companydetails/CITYBANK |website=Chittagong Stock Exchange |access-date=22 December 2020}}</ref> |
<ref>{{cite web |url=https://www.thecitybank.com/who-we-are |title=City Bank :: making sense of money |work=The City Bank |access-date=30 September 2015}}</ref><ref>{{Cite web|url=http://en.banglapedia.org/index.php?title=City_Bank_Limited,_The|title=City Bank Limited, The |website=[[Banglapedia]] |access-date=2016-05-08}}</ref> The City Bank Limited opened its first branch in B. B. Avenue Branch in Dhaka. In 1986, The City Bank Limited was listed on the Dhaka Stock Exchange and in 1995 it was listed on Chittagong Stock Exchange.<ref>{{cite web |title=BSEC approves City Bank’s Tk300 crore bond |url=https://www.dhakatribune.com/business/stock/2020/02/26/bsec-approves-city-bank-s-tk300-crore-bond#:~:text=The%20City%20Bank%20was%20incorporated,41.92%25%20share%20of%20the%20bank. |website=Dhaka Tribune |access-date=22 December 2020}}</ref><ref>{{cite web |title=THE CITY BANK LIMITED |url=https://www.cse.com.bd/company/companydetails/CITYBANK |website=Chittagong Stock Exchange |access-date=22 December 2020}}</ref> |
||
City Bank has gone international establishing 10 branches and 1 representative office in Malaysia in 2013 and one subsidiary office in Hong Kong in 2019. Its Direct Remittance Service and other subsidiary facilities have proved to be vital in accelerating customer satisfaction as well as the Bank’s business growth. <ref>{{cite web |title=Subsidiaries |url=https://www.thecitybank.com/city-bank-subsidiary |website=The City Bank Limited |access-date=22 December 2020}}</ref> In acknowledgment, City Bank has been in dignified partnership with international organizations like |
City Bank has gone international establishing 10 branches and 1 representative office in Malaysia in 2013 and one subsidiary office in Hong Kong in 2019. Its Direct Remittance Service and other subsidiary facilities have proved to be vital in accelerating customer satisfaction as well as the Bank’s business growth. <ref>{{cite web |title=Subsidiaries |url=https://www.thecitybank.com/city-bank-subsidiary |website=The City Bank Limited |access-date=22 December 2020}}</ref> In acknowledgment, City Bank has been in dignified partnership with international organizations like [[International Finance Corporation]], [[World Bank Group]], [[Asian Development Bank]], [[FMO (Netherlands)]], [[CropLife International]], and many more. [[International Finance Corporation]] solely has invested BDT 1.31 Billion, attaining a 5% share of City Bank. <ref>{{cite web |title=BB allows City Bank to sell 5pc shares to [[International Finance Corporation]] |url=http://www.newagebd.net/article/12224/bb-allows-city-bank-to-sell-5pc-shares-to-ifc |website=New Age |access-date=22 December 2020}}</ref> |
||
Revision as of 06:58, 22 December 2020
| File:The-city-bank-limited.png | |
| Company type | Public Limited Company |
|---|---|
| Industry | Banking |
| Headquarters | Dhaka , Bangladesh |
Key people | Mashrur Arefin (CEO)[1] |
| Website | thecitybank |
The City Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh.[2]
The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security. Today, its 132 branches can be found countrywide, which caters to an ecosystem of financial inclusion making City Bank one of the largest banks in the country.[3][4] The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh. The bank is responsible for all operations supporting the issuing of the new credit cards, including billing and accounting, customer service, credit management, and charge authorizations, as well as marketing for American Express cards in Bangladesh.[5]
The bank is a real-time online bank, having its branches, SME/Agri branches spread across Bangladesh along with a full-fledged Islami Banking branch. City Bank also includes a strong network of 364 ATMs and partnership agreements availing a further 500+ partner ATM’s.
The Managing Director & CEO of the bank is Mashrur Arefin.[6]
History
It is a first-generation private commercial bank and it is one of the oldest commercial banks in the country. Then known as "The City Bank Limited", its operations were started on 28 March 1983 by 13 local businessmen of the country. Those directors commenced the journey with only BDT 34 Million worth of Capital, which now is a respectable BDT 3.3 Billion as capital & reserve. [7] [8][9] The City Bank Limited opened its first branch in B. B. Avenue Branch in Dhaka. In 1986, The City Bank Limited was listed on the Dhaka Stock Exchange and in 1995 it was listed on Chittagong Stock Exchange.[10][11] City Bank has gone international establishing 10 branches and 1 representative office in Malaysia in 2013 and one subsidiary office in Hong Kong in 2019. Its Direct Remittance Service and other subsidiary facilities have proved to be vital in accelerating customer satisfaction as well as the Bank’s business growth. [12] In acknowledgment, City Bank has been in dignified partnership with international organizations like International Finance Corporation, World Bank Group, Asian Development Bank, FMO (Netherlands), CropLife International, and many more. International Finance Corporation solely has invested BDT 1.31 Billion, attaining a 5% share of City Bank. [13]
New logo and services
On the 25th Anniversary in 2008, The City Bank Limited revamped its image and services. This includes the launch of a new logo, launched American Express credit cards, brokerage business, and City Wallet (SMS Banking) service. The name of the bank was simplified to "City Bank" from its earlier "The City Bank Limited". The new logo, depicting a red and white checkered box kite, was launched in July 2008.[14]
Awards
The bank has been internationally recognized for its transformation over the past five years, moving from a local banking organization that was renowned for traditional retail banking into a global standard private bank. With time, the bank has transformed into a modern banking provider with an ambitious digitized banking unit. Since its inception, City Bank has received various awards and recognitions for their services from a range of local and international organizations. The bank won a National ICT Award in 2017.[citation needed]
References
- ^ "Management Committee". The City Bank Limited. Retrieved 11 November 2020.
- ^ "Banks". Bangladesh Bank. Retrieved 22 November 2020.
- ^ "Who We are". The City Bank Limited. Retrieved 22 December 2020.
- ^ "Top 10 Banks in Bangladesh". Business Haunt. Retrieved 22 December 2020.
- ^ "City Bank and American Express celebrates 10 years in Bangladesh". The City Bank Limited. Retrieved 19 November 2020.
- ^ "Management Committee". The City Bank Limited. Retrieved 19 November 2020.
- ^ "The City Bank Limited". Bangladesh Institute of Bank Management. Retrieved 22 December 2020.
- ^ "City Bank :: making sense of money". The City Bank. Retrieved 30 September 2015.
- ^ "City Bank Limited, The". Banglapedia. Retrieved 8 May 2016.
- ^ "BSEC approves City Bank's Tk300 crore bond". Dhaka Tribune. Retrieved 22 December 2020.
- ^ "THE CITY BANK LIMITED". Chittagong Stock Exchange. Retrieved 22 December 2020.
- ^ "Subsidiaries". The City Bank Limited. Retrieved 22 December 2020.
- ^ "BB allows City Bank to sell 5pc shares to [[International Finance Corporation]]". New Age. Retrieved 22 December 2020.
{{cite web}}: URL–wikilink conflict (help) - ^ "The City Bank Ltd". The City Bank. Retrieved 30 September 2015.
External links
 | This article about a Bangladeshi organisation is a stub. You can help Wikipedia by expanding it. |
